We’re excited to announce that @SPGlobalRatings—the leading credit rating agency relied on by 95% of the top 20 global institutional investors—is collaborating with Chainlink to publish its Stablecoin Stability Assessments (SSAs) onchain for the first time via DataLink. The launch comes at a pivotal moment in the evolution of digital assets. As of October 2025, the size of the stablecoin market exceeds $300 billion. With the passage of the GENIUS Act in the United States, stablecoins are becoming a core financial primitive of global finance, underpinning payments, settlement, and trade. However, to support institutions seeking to adopt stablecoins at scale, they require a standardized, reliable, and transparent onchain way to evaluate stablecoin risks. S&P Global Ratings’ SSAs assess the stability and resilience of widely used stablecoins by evaluating credit, market, and custody risks to the overall asset quality, along with additional risk factors. This data provides institutions and DeFi protocols alike critical information that can be used to evaluate a stablecoin's ability to maintain a stable value relative to its pegged fiat currency, enhancing risk management operations. By securely making this data directly available to smart contracts via Chainlink’s institutional-grade DataLink publishing service, S&P Global Ratings and Chainlink are empowering 2,400+ financial institutions, protocols, and developers in the Chainlink ecosystem to confidently integrate stablecoins into next-generation financial products, strengthening risk management, enhancing market integrity, and unlocking innovation across the onchain economy. "The launch of SSAs on-chain through Chainlink underscores our commitment to meeting our clients where they are. By making our SSAs available on-chain through Chainlink's proven oracle infrastructure, we're enabling market participants to access our assessments seamlessly using their existing DeFi infrastructure, enhancing transparency and informed decision-making across the DeFi landscape," said Chuck Mounts, Chief DeFi Officer at S&P Global. The collaboration leverages Chainlink's infrastructure, which has powered the majority of the onchain economy for more than half a decade, enabling over $25 trillion in transaction value while actively securing nearly $100 billion in DeFi TVL. As a turnkey service, DataLink empowers data owners like S&P Global Ratings to seamlessly publish data to blockchains in a secure and reliable manner—without the need to build or maintain new infrastructure.